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French Real Estate Market: Ambitious Measures by PM Bayrou

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by Giorgi Kostiuk

3 months ago


The French real estate market is in crisis. In response, Prime Minister François Bayrou has presented measures to tackle the issues.

Supporting the Real Estate: Ambitious Measures

François Bayrou unveiled strategic measures to revive the real estate market. Among them is the creation of 15,000 student housing units annually over three years to address housing shortages. The government also announced to expand the Zero-Interest Loan (PTZ) program for first-time buyers, including rural areas.

This aims to restore confidence to young generations and ease the pressure on university towns.

Uncertainties and Challenges Ahead

François Bayrou also mentioned a possible increase in notary fees, criticized by professionals as a potential hindrance to transactions amid rising interest rates. Conversely, the exemption from inheritance tax for new housing could stimulate construction. Balancing market support with practical implementation remains a significant challenge.

This is a contradictory decision to the stated goal of revitalizing the market.Spokesperson of the National Real Estate Federation

Conclusion and Future Prospects

These measures raise questions about their budgetary feasibility and capability to alter territorial dynamics sustainably. While they inspire hope, their success will depend on strict implementation and consultation with local stakeholders. These initiatives represent a promising start but need a long-term vision.

The measures proposed by the Prime Minister can potentially rejuvenate the real estate market, but successful implementation requires coordination between public and private participants to achieve the desired outcomes and meet industry needs.

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